The MABUX World Bunker Index, based on current prices for 380 HSFO, VLSFO, and MGO, displayed no clear trend and moved laterally on October 18.
380 HSFO – USD/MT – 573.44 (+7.27)
VLSFO – USD/MT – 681.58 (+1.99)
MGO – USD/MT – 998.48 (-2.63)
HSFO Undercharge
As of Oct. 18, the MABUX MBP/DBP Index (MDI) (the correlation between market bunker prices (MBP) and the MABUX digital bunker price benchmark (DBP)), registered the following trends in four selected ports: Rotterdam, Singapore, Fujairah, and Houston.
– HSFO segment: All four ports remained undercharged. The undercharge premium continued narrowing by $4 in Rotterdam, $14 in Singapore and $2 in Houston, but widening by $1 in Fujairah. MDI index in Fujairah stays above the 100 USD mark.
VLSFO Undercharge
– VLSFO segment: Singapore remained the only overcharged port in this segment of bunker fuel with the overcharge premium widening further by $10. The other three selected ports are underpriced with margins decreasing by $3 in Rotterdam and $2 in Houston, but increasing by $4 in Fujairah.
MGO LS Undercharge
– MGO LS segment: All four selected ports remained underpriced. The margins have narrowed by $28 in Rotterdam, $35 in Singapore and $29 in Fujairah, but widened by $6 in Houston.
We expect an uptrend to prevail in the Global bunker market on Oct.19: 380 HSFO – plus 3-8 USD/MT, VLSFO – plus 3-10 USD/MT, MGO LS – plus-minus 5-10 USD/MT.
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Source: MABUX
